Category: Industry and manufacturing

Innoson Vehicle Manufacturing company is unstoppable.Following an advise from Senator Ben Bruce,Innoson company has produced a bullet proof version of Innoson SUV which can stop AK47 bullet.Ben Bruce took to social media to share the news and wrote… ‘Following my advise to Dr. Chukwuma, he has designed a bullet proof version of the Innoson SUV which can stop an AK47 bullet. He assured me that he will deliver me a bullet proof version in exactly 90 days from today. Dr. Innocent Chukwuma of Innoson Motors makes me proud to be…

Dangote Group is establishing a multi-million dollar vehicle assembly plant project in Lagos. The firm is partnering a leading Chinese Company, National Heavy Duty Truck Group Company Limited, SINOTRUCK, to produce several thousands of trucks used mainly for haulage business from its newly promoted assembly plant at Ikeja, Lagos. The deal, worth $100 million and expected to have an assembly plant to produce 10,000 trucks per year, was signed in May 2014 in China, making it the eighth of Shandong, China (SINOTRUK), to be built abroad. According to the deal…

Indian firm set to revamp moribund Delta Steel Company By Karim Karim An Indian firm, Premium Steel and Mines Limited, is already in the process of revamping the moribund Delta Steel Company, Ovwian/Aladja, Delta state, to create business interests for all stakeholders, and the host communities. This was disclosed by its Chief Executive Officer, Mr. Prasanta Mishra, who also called for the continued support of the host communities for the company to achieve this onerous assignment. Mishra told newsmen in his office, yesterday at the company premises, said they were…

THE Chief of Army staff, Lt. Gen Tukur Yusuf Burutail, has promised that the Nigeria Military would continue to patronize made in Aba products, including uniforms and boots and other military kits. General Buratai made the promise when he led a delegation of high ranking military officers on a courtesy visit to Governor Okezie Ikpeazu of Abia State at the Government House, Umuahia. According to Burutai, the military has mandated their suppliers to emphasize on made in Nigeria products, saying that the patronage was motivated by the Governor Ikpeazu’s to…

The Managing Director of the Bank of Industry (BOI), Waheed Olagunju, yesterday kicked over the Senate proposal to dissolve BOI and establish a National Development Bank of Nigeria (NDB). This is even as the Minister of Finance, Mrs Kemi Adeosun and the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, threw their weight behind the dissolution of the BoI. The trio spoke at the Senate during a public hearing on the National Development Bank of Nigeria (Establishment etc) Bill 2016. Olagunju said the dissolution of the 57-year-old…

Africa’s top tomato paste maker, Chief Eric Umeofia, has set machinery in motion to set up manufacturing concerns in four additional African countries—Kenya, Cameroon, Cote d’Ivoire and Ethiopia. The News Agency of Nigeria (NAN) learnt that the venture into four other African countries is a fallout from Umeofia’s decision to close shop in Nigeria. Umeofia, who confirmed the development in an interview with NAN correspondents in Lagos on Sunday said that his goal was also to have dominant tomato paste manufacturing presence in at least 20 African countries in the…

Two Nigerian students, Eyenimi Ndimou and Ify Aniebo, have been shortlisted for the prestigious award to find London’s most innovative international student. The International Student Innovation Awards which was set up to highlight the work of international students in the United Kingdom, and also to provide students with some financial assistance to take their innovation to the next stage of development, received hundreds of entries from 49 different countries this year and 17 London universities; the entries which already been whittled down to a final shortlist has two Nigerian students in the…

The Dangote Cement Plc has declared an increased revenue of N442.09 billion in the last nine months, the Company’s financial report released on Thursday at the Nigerian Stock Exchange indicated. The revenue in the nine month ended September 30, 2016 was 20.97 per cent higher than the figure recorded during the same period in 2015, despite the harsh operating environment, a development attributed to management’s strategy to leverage on its pan-African status. The report indicated that Dangote Cement increased the revenue by N76.642 billion from N365.450 billion it made…